NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO THE UNITED STATES, OR INTO OR FROM CANADA, AUSTRALIA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH AFRICA.
This announcement is an advertisement and not a prospectus. This announcement does not constitute or form part of, and should not be construed as, an offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities in Target Healthcare REIT Limited (the "Company") or securities in any other entity, in any jurisdiction, including the United States, nor shall it, or any part of it, or the fact of its distribution, form the basis of, or be relied on in connection with, any contract or investment decision whatsoever, in any jurisdiction. This announcement does not constitute a recommendation regarding any securities. Any investment decision must be made exclusively on the basis of the final prospectus published by the Company and any supplement thereto.
TARGET HEALTHCARE REIT LIMITED
RNS ANNOUNCEMENT
25 OCTOBER 2013
ISSUE OF NEW ORDINARY SHARES AND RESULTS OF THE GENERAL MEETING
Issue of New Ordinary Shares
On 9 October 2013, Target Healthcare REIT Limited (the "Company") published a prospectus (the "Prospectus") in connection with a placing and offer for subscription of up to 45 million ordinary shares of no par value in the capital of the Company (the "Ordinary Shares") at an issue price of 101 pence per Ordinary Share (the "Issue").
The Board of the Company is pleased to announce that the Issue was over subscribed and applications have been accepted for 45 million Ordinary Shares, raising gross proceeds of approximately £45.45 million.
Application has been made to the UK Listing Authority for admission of 45 million Ordinary Shares to the premium segment of the Official List and for such shares to be admitted to trading on the London Stock Exchange's main market for listed securities. The Issue is conditional upon, inter alia, the admission of the Ordinary Shares to trading on the main market of the London Stock Exchange and to the Official List of the UK Listing Authority ("Admission"). It is expected that Admission will become effective and dealings in the Ordinary Shares will commence on the London Stock Exchange at 8.00 a.m. on 28 October 2013.
The total number of shares with voting rights in the Company immediately following Admission will be 95,221,629 Ordinary Shares.
Results of the General Meeting
The Board is also pleased to announce that the resolution put to shareholders at the General Meeting held on 25 October 2013 to approve the issue of Ordinary Shares to CCLA Investment Management Limited, being a related party transaction for the purposes of the Listing Rules was duly passed.
The full text of the resolution can be found on page 119 of the Prospectus, copies of which have been submitted to the National Storage Mechanism and are available for inspection at www.morningstar.co.uk/uk/NSM.
The proxy votes received for this resolution are available for inspection at www.targethealthcarereit.co.uk.
All enquiries:
Kenneth MacKenzie Target Advisers LLP |
01786 406 581 |
Martin Cassels R&H Fund Services Limited |
0131 524 6140 |
